A perfect session for firm owners or practitioners in the accounting, bookkeeping or financial industry. If you want to know more about outsourcing, offshoring or know what competitors are doing in this space, the biggest concerns particularly on cloud security – then this webinar is not to be missed!
[Part 1 of 3 series]
In our latest webinar, Essential Guide To Outsourcing And Cloud Security For Accountants, 23% of the audience identified cloud security as one of the top concerns about offshoring ranking it 2nd in the list from the poll conducted.
The share of this concern has grown considerably in the last six months, with over two-thirds of respondents citing the need to review their business exposure to security risks.
Essential Guide To Outsourcing And Cloud Security For Accountants (May 2017)
How To Become a Real-Time Accountant and Add Value to Your Firm (November 2016)
“Do you have a plan on how to manage your cloud security?”
The growing concern can be linked to the latest legislation on the mandatory disclosure of data breaches in the accounting industry. More importantly, the uptake of cloud technologies in recent years has been aggressive in the accounting industry. Room for improvement certainly exists in adopting tighter security controls to control firm IP and protect client data.
Jamie Beresford, CEO of Practice Protect, discussed the ways in which firm owners can ensure data security. Included in Beresford’s list is a single sign-on system (SSO) to ensure password protection. This means that offshore (and onshore) staff will not have only one password to access to various platforms or systems your business is using. This certainly brings:
“Fundamentally, it’s about consolidating passwords in a single identity per person, that can be monitored and tracked 24/7.”
Mr. Beresford stresses, “it’s really important that you have that log in from a compliance perspective and from a due diligence perspective” as a reference to an example where a firm’s client was hacked.
Tracking the list of people who had access proved to be a very good way of getting to the cause and, at the same time, identifying the party responsible for the incident.
At The Outsourced Accountant, this single sign-on system is implemented along with:
Jamie Beresford and his team at Practice Protect work to provide the safest environment for global businesses particularly those outsourcing into the Philippines. Learn more about cloud security and reach out to Jamie Beresford here.
If you are having capacity restraints, or looking to grow your firm, or just want to know what is possible with outsourcing, we are here to help.
Check the two other blog series of this webinar: